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hi here's the questions. please answer them with utmost sincerity and honesty. thank you The following table shows the price and output over a five-year

hi here's the questions. please answer them with utmost sincerity and honesty. thank you

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The following table shows the price and output over a five-year period for an economy that produces only one good. Assume that year 2 is the base year. Year Units of Output Price per Unit (in Pesos) 16 P5 2 20 6 3 30 7 4 36 5 40 9 1. Give the price index for year 4. 2. Give the nominal GDP for year 5. 3. State which years you would inflate nominal GDP. Explain. 4. State which years you would deflate nominal GDP. Explain

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